A look at how gentrification has pitted blacks against gays in one Columbus, Ohio, neighborhood. The title takes its name from the rainbow flags that many gays fly from their newly purchased Victorian homes in Columbus's Olde Towne---and from the red, green and black ones flown by some of Olde Towne's entrenched blacks. The trouble for them, though, is that they're becoming less entrenched, and director Linda Goode Bryant captures this in numerous ways, some subtle, some not subtle at all.